Which direction are you looking at now?
Back in Dec, most were bearish and calling for SPY to hit 360 or even lower, and Tesla to hit 80 or 60, and Apple to hit 110 or below. But market did a huge reversal.
Right now, most are excited about the latest rally, and calling for SPY, Tesla and Apple to fly higher. This is the time I will be cautious as I wait for earnings to be out + next week’s FOMC meeting.
When almost everyone is looking in one direction, maybe, just maybe, you could be better off by looking in the opposite direction.
Be careful of pre earnings’ pump followed by post earnings’ dump. But of course this may not happen - various tech stocks could fly another 10%![]()
Right now, most are excited about the latest rally, and calling for SPY, Tesla and Apple to fly higher. This is the time I will be cautious as I wait for earnings to be out + next week’s FOMC meeting.
When almost everyone is looking in one direction, maybe, just maybe, you could be better off by looking in the opposite direction.
Be careful of pre earnings’ pump followed by post earnings’ dump. But of course this may not happen - various tech stocks could fly another 10%
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intuitive Jackal_354 : preparing to fall off a cliff, it rose too much too quick